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monetary policy statement

Exchange liberalisation right step: ICAZ

The liberalisation of the foreign exchange rate by the Reserve Bank of Zimbabwe (RBZ) in this year’s Monetary Policy Statement (MPS) has standardised financial reporting and done away with distortions emanating from the previous 1:1…
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Money changers feeling the pinch

Black market foreign currency traders have been hit hard by the new measures that were announced by the Reserve Bank of Zimbabwe (RBZ) last week, which have seen parallel rates beginning to stabilise.
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Government moves to kill black market

The government yesterday introduced a battery of measures aimed at bringing down the high prices of goods in the country, as well as growing the economy — including opening up foreign currency trading by banks and bureaux de change.
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